Some retailers have demanded payment for new products that do not reach a minimum sales target. These payments are called
A. failure fees.
B. push monies.
C. slotting fees.
D. street monies.
E. off-invoice allowances.
Answer: A
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By definition, a consumer's surplus occurs when ________
A) there are more buyers for a product than units of the product available for sale B) there are more units of a product available for sale than buyers of the product C) consumers purchase a product at a price greater than the utility of the product D) consumers purchase a product at a price less than the utility of the product E) consumers assign a lower utility to a product than marketers had expected
Recent advances have fostered the growth of a relatively new industry to profit from crime. Statistics show that criminals have learned it is easier, less risky, and more profitable to
a. rob banks using traditional means. b. steal via the Internet. c. engage in legitimate activities such as stock trading via the Internet. d. selltheir stories to movie, music, and TV producers or video-game makers.
A commercial instrument where one party has a legal obligation to pay another party a certain sum of money and involves a maker and a payee only is called:
a. a check b. a note c. a debit d. a draft e. a certificate of deposit
The major difference in the Balance Sheet between a service business and a merchandising business is:
A) that the Balance Sheet of a merchandising business includes Equipment as a current asset. B) that the Balance Sheet of a merchandising business includes Prepaid Expenses as a long-term asset. C) that the Balance Sheet of a merchandising business includes Inventory as a current asset. D) nothing. There are no differences between the two.